Legal Opinion
Bankamerica Corp. v. Board of Governors of Federal Reserve System
Court of Appeals for the Ninth Circuit
Decided May 14, 1979No. Nos. 77-3485, 77-3629 and 77-2173PublishedCited by 2 opinions
1Opinion of the Court
DUNIWAY, Circuit Judge:
Under the Bank Holding Company Act, 12 U.S.C. § 1841 et seq. (“the Act”), a bank holding company such as BankAmerica may not engage in or expand its nonbanking activities without the approval of the Board of Governors of the Federal Reserve System (“the Board”). In 1976 BankAmerica asked the Board to approve an expansion of the nonbanking activities carried on by its data-processing subsidiary, Decimus Corporation. Before any Board decision on its application, BankAmerica filed an action in the District Court for the Northern District of California for a declaration…
2Cases cited17 opinions
- Abbott Laboratories v. GardnerSupreme Court of the United States · 1967
- Federal Communications Commission v. Sanders Bros. Radio StationSupreme Court of the United States · 1940
- Whitney National Bank in Jefferson Parish v. Bank of New Orleans & Trust Co.Supreme Court of the United States · 1965
- Deering Milliken, Inc., a Corporation v. Reed Johnston, as Regional Director of the National Labor Relations BoardCourt of Appeals for the Fourth Circuit · 1961
- Investment Company Institute v. Board of Governors of the Federal Reserve SystemCourt of Appeals for the D.C. Circuit · 1977
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3Cited by2 opinions
- Ncnb Corporation v. The Board of Governors of the Federal Reserve SystemCourt of Appeals for the Fourth Circuit · 1979
- Bankamerica Corporation v. Board of Governors of the Federal Reserve System, National Computer Analysts, Inc., Defendant-Intervenor-Appellant. Bankamerica Corporation v. Board of Governors of the Federal Reserve System, National Computer Analysts, Inc., Defendant-Intervenor. Bankamerica Corporation v. Board of Governors of the Federal Reserve System, National Computer Analysts, Inc., IntervenorCourt of Appeals for the Ninth Circuit · 1979